Shawbrook Bank limited and Investec Group Limited (JSE:INL) agreed to acquire the offshore loans of Lombard Finance Ltd for £150 million in the week ending on December 29, 2017. Royal Bank Of Scotland had put around £200 million worth of Channel Island assets up for sale in October in order to comply with new ring-fencing rules coming into force in 2019. KPMG acted as accountant in the transaction. Hugh Lauritsen of Addleshaw Goddard Ltd. acted as legal advisor to Lomabrd. James Cameron of Milbank, Tweed, Hadley & McCloy LLP acted as legal advisor to Shawbrook Bank and Investec. Shawbrook Bank limited and Investec Group Limited (JSE:INL) completed the acquisition of the offshore loans of Lombard Finance Ltd on January 3, 2018.